2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 385.99

+1.6%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

dvdw©

To: Elroy Jetson who wrote (140249)	3/26/2018 5:54:17 PM
From: louel	1 Recommendation Read Replies (1) of 217737

Money is forefront when a person begins. Soon you realize money is not the driving force. Accumulation becomes secondary to the satisfaction brought by self confidence. Knowing you can recognizing opportunity where others see doom. The ability to successfully bring it all together. The revenue that will be made is great. Money is a by-product of a person making proper moves in a in a organized and timely manner. When a company has a number of employees which drop by the shop on off days just to see whats happening. It says they like their job and how they are being treated. Those are the things for me would never let me quit when I could afford to. It felt like an obligation to look after these folk as long as I could. Some had spent over 20 years looking after us and our operations. There are so many reasons that keep business people going other than accumulating of funds you'll never get to spend. As Warren buffet said. Getting to be reasonably well off and still have people like you for who you are rather than what you have, suggests you've done some things right. When it came to financing equipment. I preferred to use other OPM. If the purchase could not make it's own payments why buy it. If the job or economy turned bad then we would subsidize it. That meant we were actually establish and fund our own credit line. Had we used reserves to make purchases it destroys retained earnings, Available capital on hand. that guarantees stability. If you have ample capital on hand. It is easy to arrange financing at extremely low rates. Prime +1 Then returns on your capital if properly invested will out pace the interest on what is borrowed. Not sure how it works in real estate. But with Machinery dealers get to know their customers. For us we would agree on price and write up the contract and a post dated cheque dated 90 days ahead for payment in full, Prior arrangements had been made at the bank to cover the cheque. They would give us take the machine. Put it to work for the full 90 days with its total generated revenue deposited into the account the cheque was wrote on. The amount borrowed from the lender at the end of 90 days, would only be the difference between the cheque amount and what by then had been deposited in that account. It provided for no down payment or deposit being paid up front, gross amount interest void for 90 days. And no interest on the portion the machine had paid on itself. It allowed us to use their money for 90 days at no difference to them either. The machine would have otherwise just sat in their yard. Simply by juggling the acquisition and payment time frames. The last two we just agreed on an equal rent payment plan. First payment in 45 days when the last installment was made it was ours 100% That worked out well to. Renting allowed for better tax calculation categorized as cost of doing business. Rent is 100% tax deductible No recapture until sold. By then value has been grossly eroded. The tax deduction more than covers any interest. Acquisitions have to be capitalized. Deductions of 15% of value the first year 30% of residual there after. Business is quite fun. Loved the challenge. I preferred working to holidaying. Wife not so much.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next